Engineers Gate Manager LP Sells 54,469 Shares of Leidos Holdings, Inc. $LDOS

Key Points

• Engineers Gate Manager LP cut its Leidos stake by 89.6% in the second quarter, selling 54,469 shares and retaining 6,301 shares valued at approximately $649,000.
• Leidos reported quarterly EPS of $3.26 and revenue of $4.56 billion, exceeding analyst expectations, while revenue increased 7.2% year over year. The company reaffirmed fiscal 2026 EPS guidance of $12.20–$12.50.
• Leidos declared a quarterly dividend of $0.43 per share and authorized a plan to repurchase up to 20 million shares. Analysts maintain a consensus “Hold” rating with an average price target of $163.60.

Engineers Gate Manager LP decreased its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 89.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,301 shares of the aerospace company's stock after selling 54,469 shares during the period. Engineers Gate Manager LP's holdings in Leidos were worth $649,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of LDOS. BlackRock Inc. acquired a new stake in Leidos in the second quarter valued at $1,024,436,000. Diamant Asset Management Inc. raised its stake in Leidos by 16,475.4% in the first quarter. Diamant Asset Management Inc. now owns 4,156,784 shares of the aerospace company's stock valued at $646,463,000 after buying an additional 4,131,706 shares during the period. Norges Bank acquired a new stake in Leidos during the 4th quarter valued at $318,839,000. SG Americas Securities LLC lifted its holdings in Leidos by 998.6% during the 1st quarter. SG Americas Securities LLC now owns 1,097,724 shares of the aerospace company's stock valued at $170,718,000 after purchasing an additional 997,807 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of Leidos in the second quarter valued at $77,623,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Leidos Price Performance

Shares of NYSE:LDOS opened at $128.55 on Tuesday. The firm has a market cap of $16.13 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.43 and a beta of 0.56. Leidos Holdings, Inc. has a 52 week low of $98.86 and a 52 week high of $205.77. The firm's fifty day moving average is $128.32 and its 200-day moving average is $134.14. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.60 and a current ratio of 1.63.

Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $3.26 EPS for the quarter, topping analysts' consensus estimates of $2.91 by $0.35. The company had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.44 billion. Leidos had a return on equity of 30.81% and a net margin of 7.80%.The firm's quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.21 earnings per share. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. Sell-side analysts predict that Leidos Holdings, Inc. will post 12.27 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 15th. Leidos's dividend payout ratio is presently 16.04%.

Leidos declared that its Board of Directors has authorized a stock repurchase plan on Friday, July 31st that authorizes the company to buyback 20,000,000 outstanding shares. This buyback authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

LDOS has been the topic of a number of research reports. Royal Bank Of Canada decreased their price target on shares of Leidos from $180.00 to $170.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 5th. UBS Group increased their target price on Leidos from $124.00 to $138.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Leidos in a research report on Friday, September 4th. Wells Fargo & Company set a $165.00 price objective on shares of Leidos in a research report on Monday, August 17th. Finally, Truist Financial lowered their target price on Leidos from $195.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $163.60.

Insiders Place Their Bets

In related news, Director Gary May sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $140.85, for a total transaction of $140,850.00. Following the transaction, the director directly owned 10,204 shares of the company's stock, valued at approximately $1,437,233.40. This represents a 8.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Noel B. Geer sold 10,000 shares of Leidos stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $140.66, for a total transaction of $1,406,600.00. Following the completion of the sale, the director directly owned 34,274 shares of the company's stock, valued at approximately $4,820,980.84. The trade was a 22.59% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.77% of the company's stock.

Leidos Profile

Leidos Holdings, Inc NYSE: LDOS is a technology, engineering and services company that supports government and commercial customers in the defense, intelligence, civil and health markets. The company provides mission-critical solutions involving information technology, cybersecurity, data analytics, artificial intelligence, systems integration, engineering and scientific research.

Its defense and intelligence activities include command-and-control systems, mission software, surveillance and reconnaissance solutions, logistics, aircraft and weapons systems support, and national security services.

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